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Pinduoduo, China’s New No. 1 Online Shopping Platform Has Surpassed Alibaba

Pinduoduo, China’s New No. 1 Online Shopping Platform Has Surpassed Alibaba

China has a new leader in the online shopping arena. According to a CNBC report citing Goldman Sachs, PDD, the parent company of the popular Pinduoduo app, has overtaken Alibaba to become the most valuable e-commerce company in China. This shift is attributed to PDD's focus on offering value for...

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